Wanted: radical economic information
Finance Minister Malusi Gigaba's big reveal at WEF is short on detail
The stage had been set for a spectacular finale on the first day of the World Economic Forum Africa in Durban, with Finance Minister Malusi Gigaba expected to deliver the big reveal on the government's plan for radical economic transformation. But the sizeable audience of investors, business leaders and domestic and foreign officials were left none the wiser how the plan would be executed. Nor were they given a timeline that would provide some certainty in the coming months, although Gigaba gave a glimpse of what his vision of inclusive growth may entail. Perhaps a more detailed statement on radical economic transformation came from Small Business Development Minister Lindiwe Zulu, who said in a separate event at WEF Africa on Wednesday that South Africa's constitution had to be amended to allow for the seizure of land without compensation for redistribution to black people. Gigaba had told his audience that radical transformation would entail "changing the structure of production b...
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